26 November 2015 - Slater & Gordon Share Price Plummets
24 November 2015 - IPH Ltd (Spruson & Ferguson) Raising $60 Million
IPH has completed four key acquisitions over the last 12 months, being Practice Insight, Fisher Adams Kelly, Pizzeys and Callinans.
IPH believes there are good near-term prospects of further acquisitions. The company announced that it is actively engaged in discussions with a number of potential acquisition targets and will also continue exploring opportunities to enter new markets and adjacent businesses.
Net proceeds from the placement will be used to reduce debt in order to provide additional financial flexibility and strengthen IPH's balance sheet to underpin the next phase of acquisitions.
The fully underwritten placement of fully paid ordinary shares to institutional and sophisticated investors in Australia and in certain overseas jurisdictions will raise $60 million. The Placement price per New Share will be determined via a bookbuild process.
The New Shares to be issued under the Placement will rank equally with existing IPH fully paid ordinary shares on issue and are expected to be issued on Tuesday, 1 December 2015.
Macquarie Capital (Australia) Limited and Morgans Financial Limited are acting as joint lead managers and underwriters to the Placement.
17 November 2015 - $25 million Per Year of Legal Fees Uncovered
16 November 2015 - NewLaw and BigLaw Enter into Co-operation
13 November 2015 - Shine Lawyers Strategy Update
11 November 2015 - MinterEllison in FY 2015 - More Revenue, Fewer People
Image from cover of Annual Report
MinterEllison has released its FY 2015 Annual Report. Compared to FY 2014, the firm reduced partner headcount by 2% and overall firm headcount by 1.6%, yet succeeded in increasing revenue by 2.3%.
Revenue per partner increased by 4.5%.
1,629 people generated $428 million revenue (up from $418m in FY2014)
917 lawyers – average revenue per lawyer $466,739
196 partners – average revenue per partner $2,183,673
123 lawyers seconded to clients in FY 2015
2,785 clients hosted at seminars and briefings
An average of 39 hours per lawyer was pro bono work. 75% of lawyers do pro bono work.
Energy consumption reduced by 6.4% compared to FY2014.
5 November 2015 - Stewart Title® Enters into Strategic Partnership to Enable PEXA to Take On ‘Lodgement Gap’ Risk
3 November 2015 - Gadens to Become Largest Law Firm in the World
Gadens and Dentons have announced that they are considering joining forces.
Gadens along with the law firms of Dentons, the Chinese firm Dacheng, and Singapore firm Rodyk & Davidson are considering a combination that would secure the position of the world’s largest law firm as the dominant global leader in the Pacific Rim. Recognizing clients' needs for seamless, integrated and in and of the community representation in today's global economy, the partners at Gadens, Dentons, Dacheng, and Rodyk see the potential value in a combination that will support better client service globally.
The combination is expected to be a non-financial merger using a structure known as a Swiss Verein. It is a type of combination that provides the benefits of marketing under a common brand without the complications of merging finances.
In the past few years, more than 20 international firms have entered the Australian market in one form or another. The combination in this instance makes strategic sense because it enables Gadens to become part of the largest law firm in the world. For big end of town clients, size is still often equated with ability and confidence in achieving the best outcome.
29 October 2015 - Who is to Blame for the New VOI Burden?
27 October 2015 - LawPath Raises $1.3m for Further Expansion
LawPath has raised $1.3m from investors including Macdoch Ventures and Adcock Group. The company, which markets customisable legal forms and connections to lawyers, claims to have grown revenue by 800% and users by 400% year on year. Read more.
26 October 2015 - A Jobs Board for Law Students and Graduates Sourcing Opportunities Beyond BigLaw
22 October 2015 - Shine Lawyers Acquires Best Wilson Buckley Family Law
22 October 2015 - Two Years Without Timesheets - How They Did It and Why
For Moores Legal (80 person firm) it has been a four year journey through the world of value pricing. After the first two years of the journey the firm succeeded in abandoning timesheets altogether. Through the process they have been guided by John Chisholm who is one of Australia's leading consultants in the field of value pricing for professional services.
Managing Partner of Moores, David Wells was recently interviewed by Kirk Bowman for the Art of Value podcast.
It is interesting to hear how courts struggled to come to terms with costs orders when there were intentionally no timesheets.
An important point is made that when timesheets are abandoned, project management becomes even more important. [Link to Moores pricing page that includes the video referred to in the podcast below]
20 October 2015 - Judges Who Say That Courts Need to be Able to Operate Without Lawyers
16 October 2015 - Winning Clients and Winning Awards - Small Law Firm Success
Sarah Bartholomeusz founded law firm You Legal in Adelaide in October 2013. Having won a Telstra Business Award, she has come into the spotlight, showing the way for success in the marketing and delivery of legal services.
At 32 weeks pregnant, Sarah Bartholomeusz was made redundant from a role as an in-house lawyer and joint company secretary at a leading public company. It provided her with the incentive to establish You Legal, her own independent law firm of virtual lawyers. Sarah says You Legal is a new category of corporate and commercial law firm that has reinvented the way people engage legal services. Its lawyers are engaged as consultants to work as online legal counsel or as in-house counsel on retainer.
You Legal’s office is entirely virtual – there are no employees and staff communicate with clients and each other through online platforms. Sarah says it’s an alternative to engaging traditional law firms. She is also a board member of self-funded, not-for-profit Carrington Cottages Management Inc which assists homeless men.
"Our model suits companies that don't need a full-time in-house lawyer or companies with an in-house lawyer that has too much work and needs scalable, flexible support," says Sarah Bartholomeusz.
13 October 2015 - Estates: Core Practice Area of Small Law Firms
9 October 2015 - Callinans Patent and Trade Mark Attorneys to be Acquired by IPH
IPH subsidiary Fisher Adams Kelly has reached an agreement to acquire the assets of Melbourne-based Callinans.
The combined firm, to be renamed Fisher Adams Kelly Callinans, will have a strong presence in the Brisbane and Melbourne markets.
The Callinans business is predominantly focussed on a corporate client base through its office in Melbourne.
Purchase consideration for the acquisition is $11.5m, including potential earn-out payments based on FY16 earnings, capped at $6m, plus the assumption of employee entitlements.
Commenting on the acquisition IPH's Managing Director, David Griffith said "we are delighted to have reached an agreement for FAK to acquire Callinans and extend a warm welcome to the principals and staff."
Key features of the acquisition are:
· Purchase consideration (including earn-out) of $11.5m, subject to final accounting adjustments, plus the assumption of employee entitlements.
· Earn-out capped at $6m based on a proportion of FY16 earnings from key clients compared to FY15.
· Initial consideration (of $5.5m) and first $4m of earn-out (if payable) to be settled 50% by the issue of new IPH shares, and 50% in cash. Last $2m of earn-out (if payable) to be settled in cash.
· IPH shares to be issued at a 10 day VWAP up to and including the date prior to the day of completion.
· All consideration and earn-out (if any) shares escrowed for 24 months from completion.
· EPS accretive (after acquisition costs and before synergies).
· Completion is expected by 30 October 2015.
· Acquisition is conditional on obtaining required consents and approvals from third parties and no material adverse change.
8 October 2015 - The Mobile Conveyancer - Going Places Technologically
1 October 2015 - Judges in Family Law Matters Handling Two to Four Times Normal Case Load
Lawyers are warning that under resourcing has led to unacceptable delays in the Family Court and Family Law Division of the Federal Circuit Court - adding greatly to the cost of a case at a time when parties are already under serious financial strain.
President of the Law Society of New South Wales, John Eades, said that the large judicial caseload is a symptom of the inadequate number of judicial officers available due to Federal Government cost saving measures.
“The workloads of the courts have increased and judges are not being replaced to fill retirements or resignations,” Mr Eades said.
“Existing judges are sharing the dockets of judges who leave, with around 300-700 matters on each judge’s docket in the Federal Circuit Court - this makes it impossible to finalise matters efficiently and to hear any urgent applications”.
Mr Eades said that usually a judge would expect to have around 150 matters on their docket, enabling them to finalise matters within six months.
“For example, we are hearing that four judicial appointments are pending in the Family Law Division of the Federal Circuit Court, located at Sydney, Lismore, Wollongong and Parramatta,” Mr Eades said.
Mr Eades said he is hearing of delays of up to three years for some matters to reach trial.
“Delays are experienced by parties when they file a matter, waiting for a final hearing date, and waiting for a judgment to be delivered,” Mr Eades said
“This has a serious impact on parties, particularly children, for example through their contact with parents, enrolment at school or in relation to an appeal on a relocation order”.
“This can also have a significant financial impact for families involved in property matters, for example where valuations are out of date due to court delays,” he said.
Mr Eades said that the Federal Government needs to urgently address the issue so that judges in both the Family Court and Federal Circuit Court are replaced in a timely manner.
29 September 2015 - Solicitor Job Vacancies Flat Lining as New Law School Opens
24 September 2015 - Marketing v Business Development – Do you know the Difference?
As professional services providers, we are subject matter experts. Think about the work you have put into your field of expertise? Building a successful practice requires more than being a subject matter expert, especially in a competitive market. It requires expertise in fields outside our subject matter expertise – in fields which are usually no less complex.
To build a successful practice requires expertise in IT, finance, marketing and much more. A law firm is part marketing organisation. Running a practice, never having studied marketing, or not being that interested in it, is akin to practising law without legal qualifications.
How can we create effective budgets for our limited time and financial resources if we are not even applying sound principles as a starting point?
Bruce Alltop, Senior Consultant at LawVision, provides an insightful, easy to remember explanation of the difference between marketing and business development.
“Marketing activities are the “one-to-many” activities like speaking, writing a blog, social media, etc. Whereas, business development activities are the “one-to-few” activities like lunches, cocktails, pitch meetings, etc. It’s important to have a healthy mix of both; e.g., partners’ mix should be 20% marketing and 80% business development … “ Read more here
21 September 2015 - Another Major Acquisition for Spruson and Ferguson
18 September 2015 - Two Southern Highlands NSW firms tell us about their first e-conveyancing experience
15 September 2015 - LawyerQuote Expands to Sydney, Melbourne and Adelaide
10 September 2015 - The Online Court Era Begins Now
8 September 2015 - E-Conveyancing: The Change Management Phase Begins
3 September 2015 - InfoTrack Risks Best Places to Work Award
InfoTrack has been named in the BRW Best Places to Work 2015 study for the second year in a row, placing number 17 in the over 100 employees category.
When Legal Practice Intelligence learned that six members of InfoTrack’s management team will be abseiling down a 33 storey building next month, we thought that forcing people to jump off a building might put an end to the company’s winning streak as a best place to work.
Did they think that they were signing up to a sailing day, only to realise once they clicked through the terms (without reading them of course) that it was not sailing but abseiling?
We have been assured that they were neither forced nor tricked into signing up. They will be abseiling down a 33 storey building for a worthy cause. See video below.
Commenting on the best places to work recognition, InfoTrack Chairman, Stephen Wood believes the great working culture at InfoTrack is the prime reason for the company’s exponential growth, attracting an average of 100 new firms a month and breaking into the UK market.
“We have an incredibly talented, motivated and fun workforce at InfoTrack,” he said. “All of us genuinely care about our clients and delivering the absolute best in products and services to over-exceed expectations. We think and worry about future issues for our clients before they even become issues so when they need it, we can deliver the best solution for them."
31 August 2015 - Financial Comparison of Three Legal Services Public Companies
26 August 2015 - Trends in Accessing Justice
24 August 2015 - The Incredible Correlation Between Property Prices and Property Sales Volumes
21 August 2015 - Knowledge Apps, Outsourcing Offshoots, Booming Boutiques and Meditation Feature at Legal Innovation Awards
19 August 2015 - A New Trading Platform for Lawyers to Buy and Sell Legal Precedents
17 August 2015 - SAI Global Wins Major Client
SAI Global Limited has announced that it has executed a contract to provide national mortgage settlement services for NAB Broker, a part of the National Australia Bank.
SAI Global further announced that it expects to commence providing services to NAB Broker under the new contract in October 2015. Full incremental annual revenue of circa A$9M will be recognised from financial year 2017 onwards. Circa A$3M is expected to be generated in FY16.
Peter Mullins, CEO of SAI Global said: "I am delighted that NAB Broker has selected SAI as its national provider of mortgage settlement services. The fact that this leading financial institution has chosen SAI to undertake these services on its behalf is further testament to the strength and capability of SAI Global's Property team which continues to achieve significant outcomes such as this for the Company".
17 August 2015 - LexisNexis Recognised for Advancing Rule of Law
12 August 2015 - Study Reveals: Why Plead Guilty?
10 August 2015 - Launch of a Startup Community for the Legal Sector
7 August 2015 - Legal Innovator Finalists Announced
From the creator of a legal and life hacks magazine for young Australians to the first Australian iOS app on criminal and traffic law, this year’s Innovation Index has been the most contested yet and shows strong representation from local specialist legal firms.
“Innovation has certainly grown from a ‘buzz word’ to a direction in which we are looking to take the business of law in Australia”, explains Jo Beckett, General Manager of LexisNexis Australia. “As a result the 2015 Legal Innovation Index has had more than double the entries of last year, with both companies and individuals presenting a fantastic array of new and re-imagined business practices, tools and ways of thinking to the local legal sector”.
The finalists from the Organisations category are: AdventBalance, Allens, Creevey Russell Lawyers, Corrs Chambers Westgarth, Envato’s legal team, Gilbert + Tobin, Herbert Smith Freehills, Daniel Lew Le Mercier & Co, KWS Legal, LawPath, McCullough Robertson Lawyers, Norton Rose Fulbright, Pace Lawyers, RMB Lawyers, Sparke Helmore Lawyers, Sydney Criminal Lawyers, The Fold Legal, and View Legal.
For the first time, Individuals from practice, academia and students have been eligible to enter. The rollcall of finalists are: Matthew Burgess, Director, View Legal; Sarah Lynch, Founder & CEO, Bucket Orange magazine; Brennan Ong, Managing Director, LawAdvisor; Cathy Sherry, Senior Lecturer, University of New South Wales; Adi Snir, Head of Content, LegalVision; and Dominic Woolrych, Legal Product Manager, LawPath.
“Just when you could be forgiven for thinking that innovation in the legal profession in Australia has peaked, finalists in the 2015 Index clearly demonstrate the profession’s absolute commitment to continuing to find new and dynamic ways for adding significant and previously untapped value for firms and their clients,” adds Justin North, Director, Janders Dean.
The 2015 Legal Innovation Index winners will be announced at a Sydney event on 20 August 2015.
5 August 2015 - Shine Lawyers Acquires WA PI Firm
Shine Corporate Limited has announced the acquisition of Bradley Bayly, a leading legal specialist in the personal injuries and large catastrophic injuries sector in Western Australia for a consideration of $13.275M. The acquisition will be largely debt funded with a small scrip component of $1M.
"We are delighted to have Bradley Bayly join the Shine Group," said Mr Morrison. "In addition to meeting our strategic acquisition criteria, the firm has similar cultures and values and will contribute to Shine's future earnings growth as synergies are realised. The acquisition delivers a strategic expansion opportunity and the transaction underscores our commitment to becoming the leader and provider of choice in Western Australia."
Key features of the acquisitions, announced to the ASX, are:
· Total consideration of $13.275M.
· Cash component of $8.275M with $4.0M deferred.
· Scrip component $1.0M
· EPS accretive
· Acquisition expected to settle by 14 August 2015
5 August 2015 - Slater & Gordon Shares - When Will the Half Price Sale End?
Finally, a commentator is saying that the huge plunge in Slater & Gordon's share price is a huge overreaction.
Dow Jones News: “Hoping that investors will slowly begin to look beyond an accounting scandal that has rocked law firm Slater & Gordon (SGH.AU), George Gabriel, a Melbourne-based equities analyst at brokerage Wilson HTM Investment Group, has reaffirmed his buy rating on the stock…”
It is interesting to observe the ASX share price commentating business from which George Gabriel stands out as an exception. If the case of S&G shares is typical, when a share price is riding high the commentating pack says buy, buy and buy. After a share price plunge the pack bleats hold or sell (exhibit A++).
When there is a touch of bad news about a company, or better still the whiff of a scandal, the short sellers pile in as the smell of a quick profit becomes too great to resist.
The extent of the decline in the market capitalisation of the company is roughly equivalent to the value of the capital raised to acquire the UK Quindell PSD business. It is almost as if the market has priced the acquisition out of existence.
Slater & Gordon has acquired practices in the past that have been tainted by scandal, notably the Keddies practice. It has experience with such acquisitions and the market may have forgotten this key part of its history.
The equities analyst, George Gabriel was reported to have a 12 month target for the stock of $7.95, which implies an opportunity to more than double one’s money from yesterday’s closing price of $3.38.
Disclaimer: no investment advice or predictions are intended here. Read news report about the George Gabriel analysis here.
Red line: S&G Share Price. Blue Line: All Ordinaries Index
3 August 2015 - Between You and a New Client is The Internet
29 July 2015 - Sole Practitioners - We're Hiring
27 July 2015 - Queensland Conveyancing Returns to Growth
In the first three months of calendar 2015, Brisbane dwelling values were slightly down and Queensland property transfers were around 4% lower than the year before.
In the three months to June 2015, Brisbane dwelling values increased by 1.4% (Corelogic RP Data) and the State's property sales volumes were 7% higher than the year before.
The factor that most likely caused the turnaround was the RBA's interest rate tweak. At the beginning of May 2015 the Reserve Bank reduced the cash rate by 0.25% to 2.00%.
Fortnightly volume of Queensland property transfers (mid July data points highlighted)
20 July 2015 - In-House Growth Ends with a Crash
16 July 2015 - When Property Prices Fall
What can we expect to happen to conveyancing activity when property prices fall? Last financial year to June 2015, combined capital city dwelling values increased by 9.8%. That was the third year in a row of rising property prices. Perth went against the trend experiencing a small decline in dwelling values of -0.9% for the year, including -0.2% for the last quarter.
The volume of property transfers in Western Australia was down by 13% for the three months to June 2015 compared to the equivalent period of the year before. If the Western Australia scenario represents a pattern, then it appears that a small decline in property prices will be associated with a magnified decline in sales volumes.
Source: Core Logic RP Data
14 July 2015 - Online Platform LawAdvisor Launches
13 July 2015 - Top 3 Trends from the Half Year Report Card on the Legal Industry
8 July 2015 - Where to Learn About the Hidden Drivers of Innovation in Legal Practice
6 July 2015 - For Lawyers, Marketing Means Content Marketing
3 July 2015 - 56 Law Firms Sign Up to Content Marketing Platform
2 July 2015 - Moores revolutionises the legal sector with innovative Not-for-Profit Assist legal hotline
30 June 2015 - Half Price Winter Sale on Slater & Gordon Shares
Slater & Gordon's share price ended the day yesterday at $3.78 representing a price which is 53% lower than its peak of $8.07 reached only two months ago. Investors who took up shares in the April 2015 $890 million capital raising would be experiencing a capital loss of around 40% at yesterday's closing share price.
Legal Practice Intelligence will be investigating further as to whether this sudden panic has any justification based on its business fundamentals. At this stage it shows the signs of being a completely overblown market reaction which could be a share buying opportunity.
29 June 2015 - How Are The Big Firms Responding to Increasing Competition from Talented Contractors?
24 June 2015 - Tension Rising as Promised Funding From 1 July for CLCs Stalls
18 June 2015 - Sydney is Famous for The Highest Property Prices. What is Melbourne Famous For?
Some time after the arrival of the First Fleet, Sydney property prices starting rising. With a few exceptions every now and then, prices having been on the up, so that Sydney has the highest median home values amongst all Australian capital cities. Over the last 12 months home values have risen by 15% - to May 2015. In Melbourne the increase was 9%. Melbourne’s property market has a distinctive feature as well.
Using state statistics as a proxy, the number of property transfers in Victoria for the past six months was 100,277. The number in NSW was 106,907. The population of NSW is 29% higher than Victoria yet there is less than a 7% difference in the volume of property transfers between the two states. This is not the first time we have observed this phenomenon.
People in Sydney have a reputation for being obsessed about property prices. Perhaps Melbournians are obsessed about buying and selling property. Sydney is famous for having the highest property prices while Melbourne looks like it is becoming famous as the property trading capital of Australia.
16 June 2015 - Crowdfunding of Legal Needs is a Worldwide Trend and Now Taking Off in Australia
15 June 2015 - The Company Secretary Career Path for Lawyers
Excerpts from Mahlab's recent Company Secretary Roundtable Report:
Over the past decade, there has been a trend towards recruiting company secretary professionals who also hold law degrees. This is now filtering down to the assistant company secretary level. The pool of candidates with a legal qualification, in addition to proven company secretary experience, is relatively small. It is further reduced when there is a requirement for experience gained within an ASX-listed company.
The regulatory environment and increased focus on risk has meant that in many companies there is a preference for company secretaries with legal qualifications. It is argued that having a qualification in the law adds rigour to the role, and it is apparent that there is an increasing demand for such qualifications, particularly as the scope widens to include increased corporate governance responsibilities.
The role of the company secretary has broadened in scope in recent years to encompass risk management, corporate governance and regulatory compliance.
One of the major challenges confronting company secretaries relates to remuneration and how the role is to be adequately measured. Remuneration for company secretary positions is generally between $200,000 and $370,000 and this has remained steady in recent times, despite increasing responsibilities and role scope.
In February 2015 the Reserve Bank reduced the cash rate by 0.25% to 2.25%. In March and April 2015 combined, property transfers were up 14% compared to the same period in 2014 and up 38% compared to 2013.
At the beginning of May 2015, the Reserve Bank reduced the cash rate by another 0.25% to 2.00%. On that occasion, the property market, particularly the Sydney market, took it in its stride.
According to CoreLogic, Sydney dwelling values fell by 0.7% during May 2015. Sydney unit values (apartments) fell 2.8% in May 2015.
Falling property prices usually correlate with lower property sales volumes. CoreLogic property listing statistics (for Sydney) show that the number of dwellings offered for sale in May 2015 was 25% lower than in May 2014. Fewer listings mean fewer sales.
Property transfers in May 2015 were 2% lower than May 2014, although still 7% higher than two years ago.
Who is buying properties in Sydney? The below chart is for all of Australia but the picture conveys an unmistakable message. Investors are driving the swings in the property market, not unlike the way they drive the swings in the share market.
Slater & Gordon has signed on as a sponsor and official legal partner of the Brisbane Broncos. This follows Queensland headquartered Shine Lawyers' recent announcement to sponsor the AFL Geelong Cats, which happens to be in Slater & Gordon's home state of Victoria.
The Victorians have hit back hard with this sponsorship. Queensland has been a weak spot for the Slater & Gordon business and this move has to help. What could be next? The Maroons State of Origin team is probably out of reach financially for law firms but as the stakes keep getting raised, it could be the ultimate sponsorship target.
9 June 2015 - Two Community Legal Centres Face Closure
4 June 2015 - PEXA Extends Functionality to Home Buyers and Sellers
3 June 2015 - Cats v Dogs with Personal Injury Firms' Sponsorships
The football promotional season has kicked off with Geelong Cats (AFL) announcing a new partnership with Shine Lawyers, “to assist in its’ Victorian expansion and new branch in the Geelong CBD,” as reported at geelongcats.com.au.
“Supporting local sporting clubs is an important part of our continued commitment to the people we provide legal assistance to every day. It’s another way we can get to know our clients and listen to their needs and hear about the big issues affecting them and their families,” said Katalin Blond, Shine Lawyers General Manager Victoria.
AFL is the “home game” of Slater & Gordon which has a partnership with the Western Bulldogs.
29 May 2015 - PEXA - The Future of Property Settlement
29 May 2015 - Fisher Adams Kelly Acquired for $26.5m
27 May 2015 - How Do You Sell Legal Services to Gen Y Legal Consumers?
25 May 2015 - There Are Now 66,211 Practising Solicitors in Australia
21 May 2015 - PEXA to Launch in Queensland and Western Australia Next Week
Property Exchange Australia (PEXA) has seen great results since its launch in New South Wales and Victoria in November 2014. There has been more than $1 billion in property value exchanged online across 23,000 transactions and PEXA is now preparing for the next phase of its release.
PEXA will be going live in Queensland and Western Australia next week, which means:
• In QLD - Lawyers will be able to access the PEXA workspace and complete caveats and stand-alone settlement notices.
• In WA - Lawyers and Settlement Agents (Conveyancers) will be able to access the PEXA workspace for caveats, transfers and settlements.
20 May 2015 - Sparke Helmore is Open Sourcing Financing Precedents
Click each of the two images below to learn more:
19 May 2015 - Plan to Replace Justice with Social Security
Legal profession says NIIS won’t cope with demand
Two-thirds of Australian personal injury lawyers feel that the Government’s National Injury Insurance Scheme (NIIS) is underfunded, with nearly half saying the system won’t cope with expected demand, according to a new survey of legal professionals released today. Read more
15 May 2015 - The Search for the Most Innovative Law Firms and Individuals
13 May 2015 - Budget 2015 and Access to Justice
11 May 2015 - Lawyers Will be Able to Bypass the Migration Agent Regulation Scheme
8 May 2015 - Practising Law as if the Future Has Already Arrived
6 May 2015 - International innovation internship – A first for Aussie legal industry?
From the blog of Adelaide law firm Kain C + C Lawyers:
In what some commentators are calling a ‘first’ in the Australian legal industry, Adelaide-based Kain C+C Lawyers is opening its doors to a Michigan State University law student to improve its business.
When MSU Law announced the inaugural Kain Innovation Internship on Twitter last week, it attracted huge attention from the US and here in Australia.
“Congratulations. A first?” asked legal services guru, George Beaton.
Whilst being first wasn’t the reason for creating the internship, it certainly demonstrates that Kain is serious about unlocking innovation in its business.